KEY EVENTS TO WATCH FOR:

Monday, September 27, 2021 

8:30 AM ET. August Advance Report on Durable Goods

                       Durable Goods-SA, M/M% (previous -0.1%)

                       Dur Goods, Ex-Defense, M/M% (previous -1.2%)

                       Dur Goods, Ex-Transport, M/M% (previous +0.7%)

                       Orders: Cap Gds, Non-Def, Ex-Air, M/M% (previous +0%)

                       Shipments: Cap Gds, Non-Def, Ex-Air, M/M% (previous +1.0%)

10:30 AM ET. September Texas Manufacturing Outlook Survey

                       Business Activity (previous 9.0)

                       Mfg Production Idx (previous 20.8)

Tuesday, September 28, 2021  

7:45 AM ET. Weekly Chain Store Sales Index

8:30 AM ET. 2^nd Quarter U.S. International Investment Position

8:30 AM ET. August Advance Economic Indicators Report

8:55 AM ET. Johnson Redbook Retail Sales Index

                       Ret Sales Mo-to-Date, M/M%

                       Ret Sales Mo-to-Date, Y/Y%

                       Latest Wk, Y/Y%

9:00 AM ET. July S&P CoreLogic Case-Shiller Indices

                       10-City Idx, M/M% (previous +1.8%)

                       10-City Idx, Y/Y% (previous +18.5%)

                       20-City Idx, M/M% (previous +2.0%)

                       20-City Idx, Y/Y% (previous +19.1%)

                       National Idx, M/M% (previous +2.2%)

                       National Idx, Y/Y% (previous +18.6%)

9:00 AM ET. July U.S. Monthly House Price Index

10:00 AM ET. September Richmond Fed Business Activity Survey

                       Mfg Idx (previous 9)

                      Shipments Idx (previous 6)

10:00 AM ET. September Consumer Confidence Index

                       Cons Conf Idx (previous 113.8)

                       Expectation Idx

                       Present Situation Idx (previous 147.3)

1:00 PM ET. August Money Stock Measures

4:30 PM ET. API Weekly Statistical Bulletin

                       Crude Stocks, Net Chg (Bbls)

                       Gasoline Stocks, Net Chg (Bbls)

                       Distillate Stocks, Net Chg (Bbls)

Wednesday, September 29, 2021 

7:00 AM ET. MBA Weekly Mortgage Applications Survey

                       Composite Idx

                       Composite Idx, W/W%

                       Purchase Idx-SA

                       Purchase Idx-SA, W/W%

                       Refinance Idx

                       Refinance Idx, W/W%

10:00 AM ET. August Pending Home Sales Index

                       Pending Home Sales (previous 110.7)

                       Pending Home Sales Idx, M/M% (previous -1.8%)

                       Pending Home Sales Idx , Y/Y% (previous -8.5%)

10:00 AM ET. August Metropolitan Area Employment & Unemployment

10:30 AM ET. EIA Weekly Petroleum Status Report

                       Crude Oil Stocks (Bbl)

                       Crude Oil Stocks, Net Chg (Bbl)

                       Gasoline Stocks (Bbl)

                       Gasoline Stocks, Net Chg (Bbl)

                       Distillate Stocks (Bbl)

                       Distillate Stocks, Net Chg (Bbl)

                       Refinery Usage

                       Total Prod Supplied (Bbl/day)

                       Total Prod Supplied, Net Chg (Bbl/day)

Thursday, September 30, 2021 

8:30 AM ET. 2^nd Quarter Revised Corporate Profits

8:30 AM ET. 2^nd Quarter 3rd estimate GDP

                       Annual Rate, Q/Q% (previous +6.6%)

                       Chain-Weighted Price Idx, Q/Q% (previous +6.1%)

                       Corporate Profits, Q/Q%

                       PCE Price Idx, Q/Q% (previous +6.5%)

                       Purchase Price Idx, Q/Q% (previous +5.8%)

                       Real Final Sales, Q/Q% (previous +7.9%)

                       Core PCE Price Idx, Ex-Food/Energy, Q/Q% (previous +6.1%)                     

                       Personal Consumption, Q/Q% (previous +11.9%)

8:30 AM ET. Unemployment Insurance Weekly Claims Report - Initial Claims

                       Jobless Claims (previous 351K)

                       Jobless Claims, Net Chg (previous +16K)

                       Continuing Claims (previous 2845000)

                       Continuing Claims, Net Chg (previous +131K)

8:30 AM ET. U.S. Weekly Export Sales

                       Corn (Metric Tons) (previous 373K)

                       Soybeans (Metric Tons) (previous 913K)

                       Wheat (Metric Tons) (previous 355.9K)

9:45 AM ET. Bloomberg Consumer Comfort Index

9:45 AM ET. September Chicago Business Barometer - ISM-Chicago Business Survey - Chicago PMI

                       PMI-Adj (previous 66.8)

10:30 AM ET. EIA Weekly Natural Gas Storage Report

                       Working Gas In Storage (Cbf) (previous 3082B)

                       Working Gas In Storage, Net Chg (Cbf) (previous +76B)

3:00 PM ET. August Agricultural Prices

                       Farm Prices, M/M% (previous -0.5%)

4:30 PM ET. Foreign Central Bank Holdings

4:30 PM ET. Federal Discount Window Borrowings

  N/A              U.S. fiscal year ends

Friday, October 1, 2021 

8:30 AM ET. August Personal Income & Outlays

                       Personal Income, M/M% (previous +1.1%)

                       Consumer Spending, M/M% (previous +0.3%)

                       PCE Price Idx, M/M% (previous +0.4%)

                       PCE Price Idx, Y/Y% (previous +4.2%)

                       PCE Core Price Idx, M/M% (previous +0.3%)

                       PCE Core Price Idx, Y/Y% (previous +3.6%)

9:45 AM ET. September US Manufacturing PMI

                       PMI, Mfg (previous 61.1)

10:00 AM ET. September ISM Report On Business Manufacturing PMI

                       Manufacturing PMI (previous 59.9)

                       Prices Idx (previous 79.4)

                       Employment Idx (previous 49.0)

                       Inventories (previous 54.2)

                       New Orders Idx (previous 66.7)

                       Production Idx (previous 60.0)

10:00 AM ET. 2^nd Quarter GDP by State

10:00 AM ET. August Construction Spending - Construction Put in Place

                       New Construction (previous +0.3%)

                       Residential Construction

10:00 AM ET. September University of Michigan Survey of Consumers – final

                       End-Mo Sentiment Idx (previous 70.3)

                       End-Mo Expectations Idx (previous 65.1)

                       12-Month Inflation Forecast (previous 4.6%)

                       5-Year Inflation Forecast (previous 2.9%)

                       End-Mo Current Idx (previous 78.5)

11:00 AM ET. September Global Manufacturing PMI

                       PMI, Mfg (previous 54.1)

4:00 PM ET. September Domestic Auto Industry Sales

  N/A              U.S. fiscal year begins

The STOCK INDEXES? http://quotes.ino.com/ex?changes/?c=indexes

The Dow closed higher on Friday as it extended the rally off Monday's low.The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 34,987.79 would signal that a short-term low has been posted. If the Dow resumes the decline off August's high, June's low crossing at 33,271.93 is the next downside target. First resistance is the 50-day moving average crossing at 34,987.79. Second resistance is the August 30^th high crossing at 35,510.71. First support is Monday's low crossing at 33,655.30. Second support is June's low crossing at 33,271.93.  

The December NASDAQ 100 posted an inside day with a higher close on Friday as it consolidated some of this week's rebound. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 15,429.14 would signal that a short-term low has been posted. If December renews the decline off September's high, August's low crossing at 14,699.00 is the next downside target. First resistance is the 20-day moving average crossing at 15,429.14. Second resistance is September's high crossing at 15,702.25. First support is August's low crossing at 14,699.00. Second support is July's low crossing at 14,437.00.

The December S&P 500 posted an inside day with a slightly higher close on Friday as it extends the rally off Monday's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 4461.73 would signal that a short-term low has been posted. If December resumes the decline off September's high, July's low crossing at 4214.50 is the next downside target. First resistance is the 20-day moving average crossing at 4461.73. Second resistance is the September 3^rd high crossing at 4539.50. First support is Monday's low crossing at 4293.75. Second support is July's low crossing at 4214.50. Third support is June's low crossing at 4117.00.  

INTEREST RATES? http://quotes.ino.com/ex?changes/?c=interest ""

December T-bonds closed down 1-05/32's at 161-00 

December T-bonds closed sharply lower for the second day in a row on Friday and spiked below August's low crossing at 161-01 marking the lower boundary of the July-September trading range. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below August's low crossing at 161-01 would open the door for a possible test of the July 13^th low crossing at 159-30. Closes above the 10-day moving average crossing at 163-03 would signal that a short-term low has been posted. First resistance is Wednesday's high crossing at 164-16. Second resistance is September's high crossing at 164-24. First support is today's low crossing at 160-27. Second support is the July 13^th low crossing at 159-30.  

December T-notes closed down 110-pts at 132.010.

December T-notes closed lower on Friday as it extended Thursday's downside breakout of the August-September trading range. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling sideways to lower prices are possible near-term. If December extends this week's decline, the 62% retracement level of the March-August rally crossing at 131.276 is the next downside target. Closes above the 50-day moving average crossing at 133.133 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 133.133. Second resistance is September's high crossing at 133.280. First support is today's low crossing at 131.310. Second support is the 62% retracement level of the March-August rally crossing at 131.276.  

ENERGY MARKETS? http://quotes.ino.com/ex?changes/?c=energy ""

November crude oil closed higher on Friday as it resumed the rally off August's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August's low, the July high on the weekly continuation chart crossing at $76.98 is the next upside target. Closes below the 50-day moving average crossing at $68.87 would confirm that a short-term top has been posted. First resistance is today's high crossing at $74.27. Second resistance is the July high on the weekly continuation chart crossing at $76.98. First support is the 20-day moving average crossing at $70.22. Second support is the 20-day moving average crossing at $68.87. 

November heating oil closed higher on Friday as it extends the rally off August's low. The high-range close sets the stage for a steady to higher opening when Monday's night trading session begins. Stochastics and the RSI are overbought but remain bullish signaling that sideways to higher prices are possible near-term. If November extends the rally off August's low, the 50% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $236.97 is the next upside target. Closes below the 50-day moving average crossing at $211.61 would signal that a short-term top has been posted. First resistance is today's high crossing at $226.80. Second resistance is the the 50% retracement level of the 2008-2020-decline on the monthly continuation chart crossing at $236.97. First support is the 20-day moving average crossing at $216.43. Second support is the 50-day moving average crossing at $211.61.       

November unleaded gas closed higher on Friday as it extends the rebound off Tuesday's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If November resumes the rally off August's low, the July high on the monthly continuation chart crossing at 236.96 is the next upside target. Closes below Tuesday's low crossing at $202.85 would signal that a short-term top has been posted. First resistance is last-Wednesday's high crossing at $217.09. Second resistance is the July highon the monthly continuation chart crossing at 236.96. First support is Tuesday's low crossing at $202.85. Second support is September's low crossing at $202.25.    

November Henry natural gas closed higher on Friday and above the 10-day moving average crossing at 5.160 tempering the near-term bearish outlook. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. If November extends this week's rally, September's high crossing at 5.695 is the next upside target. Closes below Tuesday's low crossing at 4.776 would confirm that a short-term top has been posted. If November renews the rally off August's low,the 50% retracement level of the 2008-2020-decline crossing at 5.832 is the next upside target.First resistance is September's high crossing at 5.695. Second resistance is the 50% retracement level of the 2008-2020-decline crossing at 5.832. Third resistance is the June-2013 high on the monthly chart crossing at 6.109. First support is Tuesday's low crossing at 4.776. Second support is the September 7^th low crossing at 4.608.  

CURRENCIES? http://quotes.ino.com/ex?changes/?c=currencies ""

The December Dollar posted an inside day with a higher close on Friday as it extended this week's trading range. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, August's high crossing at $93.71 is the next upside target. Closes below the 20-day moving average crossing at $92.72 would signal that a short-term top has been posted. First resistance is Thursday's high crossing at 93.53. Second resistance is August's high crossing at 93.71. First support is the 20-day moving average crossing at $92.72. Second support is the 10-day moving average crossing at $93.02. Third support is the 20-day moving average crossing at 92.72.  

The December Euro posted an inside day with a lower close on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the aforementioned decline, August's low crossing at 116.90 is the next downside target. Closes above the 50-day moving average crossing at 118.12 would signal that a short-term low has been posted. First resistance is the 50-day moving average crossing at 118.12. Second resistance is September's high crossing at 119.32. First support is Thursday's low crossing at 117.01. Second support is August's low crossing at 116.90. 

The December British Pound posted an inside day with a lower close on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that a low might be in or is near. Closes above the 50-day moving average crossing at 1.3790 would signal that a short-term low has been posted. If December extends the decline off September's high, July's low crossing at 1.3576 is the next downside target. First resistance is the 50-day moving average crossing at 1.3790. Second resistance is September's high crossing at 1.3917. First support is the August low crossing at 1.3608. Second support is July's low crossing at 1.3576. 

The December Swiss Franc posted an inside day with a lower close on Friday as it extends this week's trading range. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the 20-day moving average crossing at 1.0889 would confirm that a short-term low has been posted. If December resumes the decline off August's high, March's low crossing at 1.0654 is the next downside target. First resistance is the 20-day moving average crossing at 1.1889. Second resistance is the 50-day moving average crossing at 1.0936. First support is the 87% retracement level of the March-June-rally crossing at 1.0730. Second support is March's low crossing at 1.0654.

The December Canadian Dollar posted an inside day with a slightly lower close on Friday as it consolidates some of the rally off Monday's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 79.24 would signal that a short-term low has been posted. If December resumes the decline off September's high, August's low crossing at 77.24 is the next downside target. First resistance is the 50-day moving average crossing at 79.24. Second resistance is September's high crossing at 80.09. First support is Monday's low crossing at 77.54. Second support is August's low crossing at 77.24.

The December Japanese Yen closed lower for the third day in a row on Friday and below August's low crossing at 0.09390 marking a downside breakout of the August-September trading range. The low-range close sets the stage for a steady to lower opening when Monday’s night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this week's decline, July's low crossing at 0.089690 is the next downside target. Closes above the 10-day moving average crossing at 0.091123 would temper the near-term bearish outlook. First resistance is September's high crossing at 0.091715. Second resistance is August's high crossing at 0.092040. First support is today's low crossing at 0.090300. Second support is July's low crossing at 0.089690.  

PRECIOUS METALS? http://quotes.ino.com/ex?changes/?c=metals ""

December gold posted an inside day with a slightly lower close on Friday.The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI have turned neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, August's low crossing at $1677.90 is the next downside target. Closes above the 50-day moving average crossing at $1792.90 would confirm that a short-term low has been posted. First resistance is last-Tuesday's high crossing at $1810.60. Second resistance is September's high crossing at $1836.90. First support is Thursday's low crossing at $1737.50. Second support is August's low crossing at $1677.90.

December silver closed lower on Friday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving acreage crossing at 23.549 would signal that a short-term low has been posted. If December resumes this month's decline, the 50% retracement level of the March-August-rally crossing at 21.120 is the next downside target. First resistance is the 20-day moving average crossing at 23.549. Second resistance is the 50-day moving average crossing at 24.116. First support is Monday's low crossing at 22.025. Second support is the 50% retracement level of the March-August-rally crossing at 21.120.    

December copper closed higher on Friday as it extended the rally off Tuesday's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at 430.89 would signal that a short-term low has been posted. If December resumes this month's decline, August's low crossing at 396.65 is the next downside target. First resistance is the 50-day moving average crossing at 430.89. Second resistance is September's high crossing at 447.15. First support is Tuesday's low crossing at 401.60. Second support is August's low crossing at 396.65.  

GRAINS? http://quotes.ino.com/ex?changes/?c=grains "

December Corn closed up $0.02 1/2-cents at $5.26 3/4. 

December corn posted an inside day with a lower close on Friday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the 50-day moving average crossing at $5.42 1/2 is the next upside target. If December renews the decline off August's high, the April 1^st gap crossing at $4.77 1/2 is the next downside target. First resistance is the 50-day moving average crossing at $5.42 1/2. Second resistance is the August 30^th high crossing at $5.58. First support is September's low crossing at $4.97 1/2. Second support is the April 1^st gap crossing at $4.77 1/2.    

December wheat closed up $0.06-cents at $7.23 3/4.  

December wheat closed higher on Friday as it extended the rally off September's low.The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Today's close above the 50-day moving average crossing at $7.20 confirms that a short-term low has been posted while opening the door for additional gains near-term. Closes below Tuesday's low crossing at $6.86 would signal that a short-term top has been posted. If December renews the decline off August's high, the 75% retracement level of the July-August-rally crossing at $6.60 1/4 is the next downside target. First resistance isSeptember's high crossing at $7.33 1/4. Second resistance is the August 27^th high crossing at $7.45. First support isTuesday's low crossing at $6.86. Second support is September's low crossing at $6.77.

December Kansas City Wheat closed down $0.00 1/4-cents at $7.19 3/4.

December Kansas City wheat closed fractionally lower on Friday. The mid-range close sets the stage for a steady to fractionally lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December resumes the rally off September's low, the September 7^th high crossing at $7.29 3/4 is the next upside target. If December renews the decline off August's high, the 62% retracement level of the July-August-rally crossing at $6.58 1/4 is the next downside target. First resistance is the September 7^th high crossing at $7.29 3/4. Second resistance is the August 27^th high crossing at $7.35 1/2. First support is the 50% retracement level of the July-August-rally crossing at $6.79 1/2.Second support is the 62% retracement level of the July-August-rally crossing at $6.58 1/4. 

December Minneapolis wheat closed up $0.04 1/2-cents at $9.16. 

December Minneapolis wheat closed higher on Friday as it extended the rally off September's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends the rally off September's low, the August 30^th high crossing at $9.27 is the next upside target. Closes below Tuesday's low crossing at $8.81 3/4 would signal that a short-term top has been posted. If December renews the decline off August's high, the 25% retracement level of the 2020-2021-rally crossing at $8.44 3/4 is the next downside target. First resistance is the August 30^th high crossing at $9.27. Second resistance is August's high crossing at $9.37 1/2. First support is the July 26^th low crossing at $8.57. Second support is the 25% retracement level of the 2020-2021-rally crossing at $8.44 3/4. 

SOYBEAN COMPLEX? http://quotes.ino.com/ex?changes/?c=grains "

November soybeans closed up $0.00 3/4-cents at $12.85.

November soybeans closed fractionally higher on Monday as it extends the rally off Tuesday's low. The mid-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Thursday's high crossing at $13.08 would confirm that a short-term low has been posted. If November renews the decline off August's high, the June 25^th low crossing at $12.59 3/4 is the next downside target. First resistance is last-Thursday's high crossing at $13.08. Second resistance is the 50-day moving average crossing at $13.22 1/2. First support is Tuesday's low crossing at $12.57 1/2. Second support is June's low crossing at $12.40 1/2.

December soybean meal closed down $1.10 at $339.00. 

December soybean meal closed lower on Friday as it extends this month's trading range. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. If December renews the decline off July's high, the 75% retracement level of the 2020-2021 rally crossing at $324.00 is the next downside target. Closes above the September 14^th high crossing at $347.30 would signal that a low has been posted. First resistance is the September 14^th high crossing at $347.30. Second resistance is the 50-day moving average crossing at $352.10. First support is September's low crossing at $335.40. Second support is the 75% retracement level of the 2020-2021 rally crossing at $324.00.      

December soybean oil closed up 85-pts. at 57.87. 

December soybean oil closed higher on Friday as it extends the rally off Tuesday's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that a low might be in or is near. Closes above the September 16^th high crossing at 58.75 are needed to confirm that a short-term low has been posted. If December renews the decline off July's high, June's low crossing at 53.10 is the next downside target. First resistance is the September 16^th high crossing at 58.75. Second resistance is the 50-day moving average crossing at 60.09. First support is Tuesday's low crossing at 54.18. Second support is June's low crossing at $53.10. 

LIVESTOCKhttp://quotes.ino.com/exchanges/?c=livestock 

October hogs closed up $2.55 at $87.30. 

October hogs closed sharply higher on Friday as it renewed its rally off September's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 50-day moving average crossing at $87.77 would signal that a short-term low has been posted. Closes below the 10-day moving average crossing at $83.99 would signal that a short-term top has been posted. If October renews this month's decline, the 62% retracement level of the 2020-2021-rally crossing at $76.13 is the next downside target. First resistance is the 50-day moving average crossing at $87.77. Second resistance is the August 30^th high crossing at $91.43. First support is the 10-day moving average crossing at $83.99. Second support is September's low crossing at $79.78. 

October cattle closed down $0.50 at $122.73. 

October cattle closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $124.41 are needed to confirm that a short-term low has been posted. If October renews the decline off August's high, June's low crossing at $122.90 is the next downside target. First resistance is the 20-day moving average crossing at $124.41. Second resistance is the 50-day moving average crossing at $126.62. First support is the 38% retracement level of the 2020-2021-rally crossing at $120.96. Second support is June's low crossing at $122.90.

October Feeder cattle closed up $0.33 at $157.18. 

October feeder cattle closed higher on Friday as it extends a two-week old trading range. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at $160.28 would confirm that a short-term low has been posted. If October extends the decline off August's high, the 75% retracement level of the May-August-rally crossing at $152.42 is the next downside target. First resistance is Thursday's high crossing at $159.18. Second resistance is the 20-day moving average crossing at $160.28. First support is the 62% retracement level of the May-August-rally crossing at $155.98. Second support is the 75% retracement level of the May-August-rally crossing at $152.42.  

FOOD & FIBERhttp://quotes.ino.com/ex changes/?c=food 

December coffee closed higher on Friday as it extended the rally off Monday's low. Today's close above the 20-day moving average crossing at $190.03 signals that a short-term low has been posted. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI have turned neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, the August 31^st high crossing at $201.55 is the next upside target. If December renews the decline off August's high, August's low crossing at $174.50 is the next downside target.  

December cocoa closed lower on Friday. The mid-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends this month's decline, the 50-day moving average crossing at 25.46 is the next downside target. If December resumes the rally off July's low, the November 2020 high on the weekly continuation chart crossing at 28.21 is the next upside target.                            

October sugar closed lower on Friday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above last-Thursday's high crossing at 19.70 would signal that a short-term low has been posted. Closes below the 50-day moving average crossing at 19.04 would open the door for a possible test of August's low crossing at 18.80.       

December cotton closed sharply higher on Friday as it extended the rally off Monday's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If December extends this week's rally, August's high crossing at 96.71 is the next upside target. Closes below the 50-day moving average crossing at 92.06 would signal that a short-term top has been posted.